The iPhone 8 Has a Slow Start: So What?
Apple's (NASDAQ: AAPL) new iPhone 8 and iPhone 8 Plus smartphones hit store shelves on Sept. 22, as expected. They didn't create the kind of splash associated with previous iPhone launches, though.
The new iPhone models are in stock at many retail outlets -- a rarity for this time of year -- and the backlog for online orders is very short. Not surprisingly, many Apple investors and analysts are very worried by this situation. However, with the highly anticipated iPhone X release coming up in about a month, there's no reason for investors to panic about slow iPhone 8 sales.
Apple has not released any sales estimates for the iPhone 8 and iPhone 8 Plus. As a result, investors are mainly relying on third-party sources to gauge sales. The available data suggest that the new iPhones got off to a lackluster start.
Source: Fool.com
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